• Steady progress in turnaround with further scope to unlock potential
• Improved financial performance, portfolio simplification, and maturing high-performance culture
• Disciplined revenue focus, driving shareholder returns, and consistent margin improvement

Downer EDI's FY25 results demonstrate improved financial performance, portfolio simplification, and a maturing high-performance culture. The company remains confident in its market positions, medium-term prospects, and growth potential, with the right foundations in place to support a measured transition focused on sustainable growth. The announcement highlights steady progress in the company's turnaround, with further scope to unlock its potential. Key achievements include disciplined revenue focus, driving shareholder returns through a share buyback and dividend growth, and consistent margin improvement driven by disciplined project delivery, commercial management, and cost-out initiatives. The company's diversified portfolio, positioned for sustainable growth, has delivered resilient earnings, with strong cash conversion and a strengthened balance sheet enabling capital management flexibility. The announcement provides detailed performance updates across the company's key business segments, including Transport, Energy & Utilities, and Facilities, showcasing their strategic positioning and growth opportunities aligned with sector fundamentals.

Downer EDI expects to deliver an underlying EBITA margin of 4.4% in FY25, up from 3.2% in FY24, driven by higher quality order book, cost-out initiatives, portfolio simplification, and improved delivery. The company has also announced an on-market share buyback of up to $230 million, alongside the delivery of dividend growth, higher payout ratio, and franking uplift.

Downer EDI remains confident in its market positions, medium-term prospects, and growth potential, with the right foundations in place to support a measured transition focused on sustainable growth. The company is well-positioned to capture opportunities across its core sectors, including Transport, Energy & Utilities, and Facilities, driven by strong sector fundamentals and growth drivers such as population and urban growth, energy transition, and government infrastructure investment.